Indian Tax Solution
AMENDMENT IN RULES 2, 10, 11, 18, 19, 28, 29, 30, 39, 46, 48, 56, 56, 70 AND FORM A ; SUBSTITUTION OF RULE 55
Substitution of rule 8C in the Wealth-tax Rules, 1957
FM announced a series of tax amendments applicable to various sectors in Lok Sabha
Huge relief for manufacturers -No GST payments on advances received for supplying goods
On Wednesday, the Central Government spared businesses from paying GST on advance amounts they have received for goods which are to be supplied later in the future. The step was aimed to help clear the confusion over tax liabiliti ...